[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Apple's first vice president of diversity stepping down after six months in the job, report says

NY Times Reporter Calls For Censorship of Creepy Videos Of Joe Biden Inappropriately Touching Kids

Al Franken accuser says disgusting USO tour grope photo was an 'in your face' parting shot after nearly two weeks of being 'belittled and humiliated' by future senator

Alabama G.O.P. Says It Stands Behind Roy Moore

Florida Man Being Chased By Police Asks 911 To Call Donald Trump

Ex-Cops Who Fought Against Legal Weed Just Opened a Marijuana Business

Police mistook hibiscus plants for marijuana, arrested Buffalo Township couple, suit claims

Cops Accidentally Film Themselves Planting Cocaine in a Man’s Wallet

FDA, DEA Launch Massive Assault On Kratom – Drug War for Miracle Plant Ramping Up

‘Come Meet a Black Person’ Event in Atlanta

After Admitting to Secretly Experimenting on Troops, Army Refusing to Provide Them Medical Care

A Sheriff Just Threatened Charges Over ‘F*ck Trump’ Sticker — and the Internet Is Destroying Him

Cops Accuse Innocent Man of Breaking Into His Own Truck—So They Shot Him, Twice

"I've Been Banned From Facebook For Sharing An Article About False Flags"

Health Effects: Alcohol vs. Marijuana

Toledo Cops Raid Wrong House, Kill Dogs, Thousands in Damage

Clearwater Beach man facing eviction over emotional support squirrel

U.S. Chamber:"Dreamers" Make America, Americans Have No Role

FBI Seeks Senate Documents on Abortionists' Sale of Fetal Tissue, Body Parts

oman accuses Al Franken of kissing, groping her without consent

What is the worst restaurant experience you ever had?

Judge Moore Sends Defiant Open Letters to Hannity After Fox News Host Gives Him Ultimatum

Trump's cheeseburger draws a crowd at Tokyo restaurant

The universal Rebel and the psy-op to neuter him

Cops Beat Innocent Homeless Man to a Pulp Because He Was Sleeping

Congresswoman: Taxpayers Have Paid $15 MILLION to Silence Sexual Abuse Victims of Politicians

2017 a Record Year for Opium Poppy Cultivation in Afghanistan (The fruits of 16 years of war)

New Wisconsin Gun Law Lets Kids Of Any Age Hunt If An Adult "Mentor" Is Present

The Rot Inside the Republican Party

US hires company with KGB link to guard Moscow embassy

People for sale (Libyan slave markets)

MUST SEE=> Roy Moore Signature Inside Accuser’s Yearbook Is Written in TWO DIFFERENT COLOR Inks

Hannity: Moore Must Explain ‘Inconsistencies’ and ‘Remove Any Doubt’ Within 24 Hours or ‘Get Out of This Race’ (Hannity Sells Out, Betrays Conservatives)

Suspended Sheriff to Pay $3M After Warrantless Search of High School Students

How to Understand JFK Conspiracy Theories

Is America Becoming A Police State Where Churches Can’t Feed The Homeless And Kids Can’t Set Up Lemonade Stands?

Cop Fires 16 Rounds at ‘Non-Aggressive’ Dogs, Kills One, Lets Other Suffer to Death

Body Cam Shows Cops Lose It During Raid and Try to Kill Each Other

Denver Cashes in by Seizing Cars for Low-Level Crimes, Even Without Convictions

This could never be shown on TV these days

Hannity’s ‘laughing his a** off’ at fans smashing their Keurigs, promises these prizes for best video

3 UCLA players return to US after China shoplifting incident

Ex-ESPN reporter blasts GQ over ‘joke’ Kaepernick award

Trump Junior colluded with Wikileaks

Epileptic Girl Sues Sessions to Legalize Medical Marijuana Nationwide

Firefox Quantum is here...

Uber Driver Arrested, Charged With a Felony—For Returning a Lost iPhone

Cops Threaten Mom at Child’s Bus Stop to Make Sure She’d Vaccinated Her Son

Planned King County Gun Confiscations Foreshadow Larger, Wider Plans

‘I Was a Child’: George H.W. Bush Accused of Sexually Assaulting Teen Girl


Status: Not Logged In; Sign In

International News
See other International News Articles

Title: Bank Run Imminent: Catalan Separatists Urge Supporters To Pull Cash From ATMs On Friday Morning
Source: Zero Hedge
URL Source: http://www.zerohedge.com/news/2017- ... ists-urge-supporters-pull-cash
Published: Oct 20, 2017
Author: Tyler Durbin
Post Date: 2017-10-20 07:26:34 by cranky
Keywords: None
Views: 51
Comments: 7

As tensions escalate in Spain, Catalan Separatists are potentially about to do some real damage and hit Madrid where it really hurts.

In a tweeted message to their 270,000 followers, Assemblea Nacional urged supporters to pull cash from CaixaBank and Banco Sabadell branches between 8 am and 9am Friday to protest at their decision to shift their legal domiciles out of the region...

As the video begins...

"Go to 1 of the 5 main banks and take out as much cash as you want. Don't forget, it's your money".

Catalan News adds:

Civil society organizations in Catalonia call for a mass withdrawal of money from bank ATMs on Friday at 8am in order to pressure the Spanish government. Organizers don't especify how much money should be taken out nor what to do with it.

 

The action targets the five main banks in Catalonia: Caixa Bank, Sabadell, Bankia, BBVA and Santander. Organizers call on clients of Caixa Bank and Sabadell to show their disagreement with the banks' recent decision to move their headquarters out of Catalonia due to the escalating political crisis between governments in Barcelona and Madrid.

 

This is the first "direct and peaceful" action organized by Crida per la Democràcia (Call for Democracy). This is an umbrella group which includes among others the two main pro-independence organizations in Catalonia: the Catalan National Assembly (ANC) and Òmnium Cultural.

 

The mass withdrawal is also aimed at condemning the imprisonment of ANC and Òmnium presidents, Jordi Sánchez and Jordi Cuixart, held in custody on sedition charges since Monday.

As a reminder, both Banco Sabadell and Caixabank - the two largest banks of the Catalan region - moved their corporate headquarters out of Catalonia (with the help of the Spanish government) shortly after the referendum.

And now it's time to find out just how solvent (and liquid) the strong Spanish banking system truly is.

The message has now been retweeted or liked over 7,000 times (and remember its past midnight in Spain). (2 images)

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: cranky (#0)

"Go to 1 of the 5 main banks and take out as much cash as you want. Don't forget, it's your money".

It's their money. And the bank will choose whether to give it to them or not.

Expect the central bank to issue directives limiting the daily withdrawals.

Starting a bank run isn't a very good way to assert your national sovereignty and can hurt you and the local economy as much or more than the central bank.

Tooconservative  posted on  2017-10-20   8:52:31 ET  Reply   Trace   Private Reply  


#2. To: Tooconservative, cranky (#1)

It's their money. And the bank will choose whether to give it to them or not.

It is the BANK's money, once you hand it over to them. If the government declares a bank holiday, money is not handed over. If there is a run on the backs, they can cease operation.

https://supreme.justia.com/cases/federal/us/23/333/case.html

U.S. Supreme Court

Bank of the United States v. Bank of Georgia, 23 U.S. (10 Wheat.) 333, 341-42 (1825)

[excerpt]

The sum sued for is the balance due upon the general account of the parties, and it is money had and received to the use of the plaintiffs, if the transaction entitled the plaintiffs to consider the deposit as money. It is clearly not the case of a special deposit, where the identical thing was to be restored by the defendants; the notes were paid as money upon general account

23 U. S. 342

and deposited as such, so that according to the course of business and the understanding of the parties, the identical notes were not to be restored, but an equal amount in cash. They passed, therefore, into the general funds of the Bank of Georgia and became the property of the bank. The action has therefore assumed the proper shape, and if it is maintainable upon the merits, there is no difficulty in point of form.

nolu chan  posted on  2017-10-20   19:58:22 ET  Reply   Trace   Private Reply  


#3. To: nolu chan (#2)

It's their money. And the bank will choose whether to give it to them or not.

It is the BANK's money, once you hand it over to them.

Well, either way, the whole bank run threat was apparently a big bust.

Too bad.

that's my story and i'm sticking to it

cranky  posted on  2017-10-20   20:17:57 ET  Reply   Trace   Private Reply  


#4. To: cranky (#3)

Well, either way, the whole bank run threat was apparently a big bust.

Too bad.

It's what touched off the Great Depression, bank runs in Austria leading to a confidence crisis that spread internationally.

Too bad indeed.

Tooconservative  posted on  2017-10-21   0:41:04 ET  Reply   Trace   Private Reply  


#5. To: cranky (#3)

It's part of Spain and they might as well get used to it. They are not a sovereign state. Spain has permitted them to govern autonomusly, somewhat akin to a U.S. state. Spain will simply dissolve the autonomous government and institute direct rule tomorrow. There is nothing to negotiate.

nolu chan  posted on  2017-10-21   2:23:40 ET  Reply   Trace   Private Reply  


#6. To: nolu chan (#5)

Spain will simply dissolve the autonomous government and institute direct rule tomorrow.

I doubt that will prove to be a permanent solution.

that's my story and i'm sticking to it

cranky  posted on  2017-10-21   6:45:12 ET  Reply   Trace   Private Reply  


#7. To: cranky (#6)

I doubt that will prove to be a permanent solution.

As long as they want to hold votes to leave Spain, that will be the solution. If they do not like it, and do not behave, Spain will crush them.

https://www.theguardian.com/world/2017/oct/21/catalonai-crisis-spain-rajoy-direct-rule

Catalonia crisis escalates as Spain set to impose direct rule within days

Spanish prime minister says Catalan government’s powers will be returned to Madrid, as tensions rise between supporters and opponents of independence

Stephen Burgen in Barcelona
The Guardian (UK)
Saturday 21 October 2017 17.13 EDT

Spain was plunged into political crisis on Saturday after the prime minister, Mariano Rajoy, announced that he was stripping Catalonia of its autonomy and imposing direct rule from Madrid in a bid to crush the regional leadership’s move to secede.

[...]

Spain was plunged into political crisis on Saturday after the prime minister, Mariano Rajoy, announced that he was stripping Catalonia of its autonomy and imposing direct rule from Madrid in a bid to crush the regional leadership’s move to secede.

[...]

Following an emergency cabinet meeting on Saturday morning, Rajoy said he was invoking article 155 of the constitution to “restore the rule of law, coexistence and the economic recovery and to ensure that elections could be held in normal circumstances”.

Pending almost certain approval in the senate on Friday, direct rule will be imposed next weekend. Citing the Catalan government’s “conscious and systematic rebellion and disobedience”, Rajoy said Carles Puigdemont’s government would be stripped of its powers and its functions would be assumed by the relevant ministries in Madrid.

The Catalan president will not be empowered to call elections, which Rajoy said he hoped would be held within six months. “We are not ending Catalan autonomy but we are relieving of their duties those who have acted outside the law,” he said.

[...]

The deadline for Puigdemont to clarify whether or not he had declared independence passed last Thursday. The Catalan president declined to answer yes or no and threatened to issue a unilateral declaration of independence (UDI) if the government invoked article 155. Spain’s attorney general said that if Puigdemont declared UDI he would be charged with “rebellion”, a charge that carries a maximum 30-year sentence.

[...]

Like Brexit for Britain, the independence drive has begun to resemble a collective act of economic self-harm, with major firms moving their headquarters out of the region as instability puts the brake on investment and business confidence. The association of small businesses reports that 1,300 have moved their legal HQ out of Catalonia. Tourism, which accounts for 400,000 jobs, is down by around 20% – a loss to the region of more than €1bn – and one Barcelona restaurant owner said the industry was facing “an economic tsunami”.

[...]

Puigdemont's bluff was called by Spain and he will not do squat. If he declares independence, he will put in jail.

Businesses have moved out, tourism is shot. The Spanish government will remove the current group and call new elections. Catalonia will have its current politicians replaced and life will go on.

https://www.thespainreport.com/articles/1129-170916162558-what-is-article-155-of-the-spanish-constitution-this-is-how-madrid-would-suspend-home-rule-in-catalonia

What Is Article 155 Of The Spanish Constitution? This Is How Madrid Would Suspend Home Rule In Catalonia

Sep 16 2017—DEEP SPAIN—One former Foreign Secretary described it in 2015 as a political "atomic bomb"; Catalan separatists are determined to vote.

Article 155 in Spanish (jpg)

Article 155 of the Spanish Constitution outlines how the central government in Madrid would suspend home rule or regional government in one of Spain's 17 autonomous communities. It has never been used and only contains the following two points.

"1. If an autonomous community [Spanish region] were not to fulfil the duties imposed upon it under the Constitution or other laws, or were to act in a manner that gravely attacked the general interest of Spain, the government, having first notified the First Minister of the autonomous community and, in if no reply were received, with an absolute majority in the Senate, may adopt the measures necessary to oblige that [region] to forcibly comply with said duties or to protect the aforementioned general interest."

"2. To execute the measures foreseen in the previous section, the government may give instructions to all of the authorities in the autonomous communities."

The Spanish Congress's legal synopsis of the article describes it as an "exceptional or extreme" measure "for situations that are equally exceptional or extreme".

That, along with a reading of the relevant Senate rules, leads to a seven-point implementation process to watch out for over the next few days, if Madrid decides to try to use it.

  1. Madrid formally notifies Puigdemont: the central government must send some sort of formal notification to the Catalan government attempting to make the First Minister, Carles Puigdemont, comply with whatever duties or laws the central government believes he is not complying with;

  2. Puigdemont rejects the formal notification: how the Catalan leader's rejection of or non-compliance with Madrid's summons might be proven is not clear;

  3. Government petitions Senate: the central government must present the formal notification, the proof of its rejection and the measures it wishes to implement before the Speaker of the Senate;

  4. General Commission of Autonomous Communities: The file gets sent to the Senate commission that deals with the Spanish regions. It is currently made up of 54 senators: 30 Popular Party, 12 Socialist Party, 4 Podemos, 8 minority parties.

  5. Senate notifies Puigdemont: The Senate commission would ask the Catalan First Minister to provide the data and allegations he believed relevant to his position. He could also choose to appoint a representative before the Senate;

  6. Commission draws up proposal for debate: and makes a recommendation based on the government's petition; the commission may suggest modifications;

  7. Senate debates proposal and takes a vote. An overall majority is required to pass the motion: 134 out of a total of 266 senators. The governing Popular Party, with 149 senators, holds a comfortable overall majority of 16 in Spain's upper house;

The Speaker of the Spanish Senate is currently Pío García-Escudero (Popular Party). The autonomous communities commission is currently chaired by Juan José Imbroda Ortiz (Popular Party), who is also the First Minister of the Spanish North African city of Melilla. The PP holds a comfortable majority in the Senate overall and on the autonomous communities commission.

[...]

nolu chan  posted on  2017-10-21   18:49:41 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com